Daily Crypto Markets Live Blog: Polycub Vote Done (05/28/22)

in LeoFinance4 years ago

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Looks like the market might be af the bottom with slight gains being made. Or if could all of a sudden dip 🤔

Seems to be relatively stable at the 1.2 tril mark though.

What is everyone aping into?

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I may ape into the CAKE Kingdom at Cub Finance via Pancake v2. I have enough CUB that I can divert a bit of it into CAKE to take advantage of the insane 8,259.41% APR. If I see that this goes well, I'll either backfill the CUB or shift assets around to put them into CAKE.

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I've got a little in CAKE as well. I'm not sure those APRs are accurate though. They've been that high for a while. Seems a little "too good to be true"-ish to me. Anyway of checking to see if they're accurate?

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There may be some truth to that APR given that it compunds nearly 4200 times per year. I didn't even know such as thing was possible!

Total APYFarm APRCompounds / yearFarm APRCUB APR
8,266.19%442.83% (1.213%)~42008,259.36%6.83%

Since the time I staked CAKE in the Kingdom I earned 0.012 CUB Rewards. During the time I was typing this comment I earned an additional 0.001 CUB Rewards.

Accurate info or not, I'm seeing results after aping into CAKE!

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Crazy numbers…

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hahaha that's it

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Those numbers are pretty crazy. Is it because there isn't enough liquidity in that kingdom?

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I don't know how to check liquidity beyond the difference between the BID and ASK price, but that is a very good possibility. More so since CAKE is the native token for PancakeSwap.

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Well one could take advantage of it until it is no longer true :D

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Reading this made me remember of CUB which I kind of forgotten for a while. Thank you :) Need to look into the crazy APR :)

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Just keep in mind that the crazy APY is for the CAKE Kingdom. The CUB Kingdom has a more "sedate" APR of 57.16%.

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Yes, I have CAKE staked on it and the APR is so yummy! It's tempting so I might add some more to my stake :)

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Cub defi is like that mother that the adolescent son forgets once he becomes independent haha. I also have time without seeing although my autoinvestments are still active, I hope to reach 100 CUB and continue to increase.

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Hahaha, that's a nice way to put it. It's kinda set and forget and just let it autocompound. All the best on your stakes :)

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Hahaha sure, that's a very useful tool, maybe I'll check it out in a few years and have a whole gold mine there :D

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Hahaha, wish we really can do that.

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I took out all the CAKE I had because with the price drop I thought I would never make a good profit, haha I was wrong.

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Where was the CAKE at the time? Just in a wallet, at some other exchange or DEX?

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I had it in the cubdefi kingdom.

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Is the APR really that high? I didn't think it would and Pancake is still doing tons of liquidity so I think it will hold up well and it could be a fairly safe investment.

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I took those numbers from the Kingdom Page of Cub Finance, and the CAKE Kingdom is associated with Pancake v2. APY and APR numbers change daily, but they should be more or less what I showed in the earlier comment.

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Not really aping into anything right now. Just on the wait and see stage for most things.

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The results are in. We are now going to operate under a new distribution in the APR.

It seems like there is a weekly vote ongoing.

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Interesting

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That is awesome! Thank you and let's see which vault won.

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The p-hive vault was the winner.

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Which is odd since it doesnt have a ton of liquidity.

One voter with a lot of xPOLY must have voted it.

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Really it doesn't have much liquidity

Looks like that might be about to change. Both HIVE and PolyCUB are bucking the overall market right now. Someone is buying them both...

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Might be the case. And let's see if the liquidity grows from today :)

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Yeah some one bought 32k polycub few hours before it ended

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Wow the trade is active

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Interesting…

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And there is no richlist indicating who it was?

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That's surprising but nice

Yes, I saw it. It's okay :)

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And why is this one so special?

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Nice to know

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i like it :D

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Would someone kindly tell me where the highest return may be had on delegating staked Leo? I'd really appreciate the information. Thanks in advance.

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I recently delegated to @india-leo and waiting to see how it is. Says 100% is paid out to the delegators.

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Honestly and speaking from my experience, the best performance for LEO is that you do the votes yourself, you get more each day in small fractions, plus if you set your vote to give 50% but with the strength of 100% you can achieve more, it has served me very well.

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Thank you for sharing, I did this but noticed that it also drains my voting power in the Hive side. My voting power here in Leo is always high but on the Hive side, it's always below 80% that's why I decided to delegate :)

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Well, it's all a matter of setting it up right and anything can work for you.

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Yes, especially my HP is still low haha, need to keep building it.

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Billionaire contra billionaire: Buffett versus Miller.

If you offered me all the bitcoin in the world for $25, I wouldn’t take it. . . - Warren Buffett

Bitcoin is an insurance policy against financial catastrophe. - Bill Miller

Source

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At least we see the huge some difference between them :)

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Yes, worlds apart. 😆

Very... there could be a change of heart for the hardcore anti-crypto, who knows hehe :)

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And that would be painful for some.

These are the words of those who want to buy Bitcoin at a cheap price. :)

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I want to see Gates eating his words. I ate mine. 😆

That is interesting, what did you say that you ate afterwards? lol!

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I was a crypto basher since 2016. 😆

Haha, I didn't see that coming :-D

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I was actually making fun of crypto enthusiasts on Facebook trading fora.

Oh, so there's a chance the bashers now could turn around, hehehe

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Yes, because bashers thought they knew the thing. It's rare to see an informed basher.

And look at you here, in a forum of crypto enthusiasts haha, life takes many turns and we all learn lessons, I was the same and here I am answering your comment hahaha.

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The good thing is you turned around and are now enjoying the crypto-ride hehe

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My eldest son was used removing the scales off my eyes and helping me see the missing pieces of the puzzle.

Well, things change over time and it's nothing to beat yourself over. I didn't give crypto much thought until a few years ago too.

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Yes, that's true. I did the same thing probably because I didn't really understand its power so just played around with it (BTC specifically), used to pay bills and stuff :)

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In my case, just August last year.

Hahahaha there are no better words to say it, that buffett is an expert regatedor, how do you think he became a millionaire? by stingy hahaha.

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Such investors generally earned money in the bear market. Wealthy investors like the bear market and buy the dip by making prices cheaper.

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And that's what the newbies don't want to understand, that's the mentality that needs to be copied.

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I totally agree with you. Unfortunately, inexperienced investors are not aware of this or do not pay much attention to it. If we want to survive in global markets, we need to educate ourselves.

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Correct, another way is to have constant practice and not give up because as the saying goes, practice makes perfect.

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Buffett made that comment a long time ago. Does he maintain that position today?

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I think just a week ago he repeated the same line with another billionaire, which I forgot the name.

He did? Oh well; no one is perfect.

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It is that bitcoin has not yet touched the desired price, that's why he will keep his words hahahah.

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hahaha, I know that deep down buffett buys bitcoin even if he doesn't say so, and when the time is right he will say so, it's just a matter of time.

Since it is incomprehensible that seeing things as they are and also analyzing that bitcoin is the best hedge, he does not decide as an expert economist to invest.

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So is such a press release more of an investment strategy? 🤩

!CTP

Well, both, since announcing his opinion that nobody cares about sinks the markets and two buys when the price hits the floor.

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Both of them have different views and they have different values over what they consider good assets. Buffett build up his entire empire over time and I doubt he will be changing those values anytime soon.

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Here comes JP Morgan again. In anticipation of increased adoption of blockchain in finance, this giant investment bank is preparing to offer more financial services.

Key takeaways:

  1. In addition to derivatives trading, repo trading, and securities lending, JPMorgan said it plans to expand tokenized collaterals to include equities, fixed income, and other asset types.

  2. . . . over time the bank’s blockchain could potentially be a bridge connecting institutional investors with decentralized finance (defi) platforms in the crypto economy.

  3. The bank estimated the metaverse to be “a trillion-dollar revenue opportunity across advertising, social commerce, digital events, hardware, and developer/creator monetization.”

  4. Decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not.

Source

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#4 is going to be the big one. If and when the market actually starts understanding what it actually means then HIVE could be in for one helluva run.

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Yes, I like that "permissioned or not."

Now that means JP Morgan is really serious and not just poking around.

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Yes, dead serious. I wonder how Gates, Buffett, and other anti-crypto lawmakers would respond to this.

We'll see. I think JP Morgan is a big player in the financial system not only in the US but also in other countries so it will be really interesting what the others would do.

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Yes, I remember the days when I was still active trading stocks at PSE. Not a few would make JP Morgan's entry and exit in one security as a signal either to buy or sell.

It will be great to see how it works out once they go in full force with their crypto plans

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Yeah, that would be a great day. How I wish that we are already prepared at that time for mass onboarding.

They could come out praising cryptos when they see how much money JP Morgan is putting in their pockets, it's all a matter of time.

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Well, some time ago I didn't think so, but as cryptocurrencies are a huge opportunity to restore the traditional and dying system, they take it at any cost.

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These are good signs and more to come.

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Looking forward to mass adoption.

This is true!

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Yeah :D

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The best thing is that here where we are, we are in the best seat.

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This will be like the NFT fever at the beginning when all they saw was money everywhere, but when they get into development, they will see even better results.

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Just like when I started in P2E, I never thought that I would discover a more precious chest such as Hive than Splinterlands.

Right, Splinterlands is a real gem, by the way, what league are you in?

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The problem with that is whether or not decentralized means the same thing to JPMorgan. I don't think they believe the definition is the same as ours.

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Same question here.

!hivebits

Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | community | <>< daily


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We crossed it. A big kick up. That is different.

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Yesterday already 😉

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hell yeah :D

This comes better every day...

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REMINDER!!!

Get those #CANDIES while there are coming off the assembly line.

Time to fill the bellies.

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10 Candies… yeah!
Base camp ⛺️ 1 reached 🤩

Are you here for the snacks @ifarmgirl. Brought the fruit and chocolate 🍫 😉

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I'm here, I won't miss that chocolates for the world, lol! Cheers to the 10!

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There you are… sorry got lost setting up my tent and finding my way back hahaha 🤣
Shall we do lunch 🥙

Thanks cheers to you too for the 10 💃🏻💃🏻💃🏻🎉🎉🥳🥳

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Haha :-D Glad you found your way back.
Thank you and yes, lunch it is!, lol!

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Thanks, it was a bit to much excitement during the night… hope it won’t happen again 😉

The lunch was delicious. Maybe we should aim for some dinner next time. What would you prefer?

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Dinner would be nice and please surprise me, lol!

Have a wonderful night to you and see you soon :)

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I got my 40 candies before going to bed.

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That might hurt your belly.

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I don't eat all of it, I distribute some of it. LOL

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Haha, that's so nice of you. Yes, don't hoard, keep sharing, lol!

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Too much of it causes stomach ache. Drinking a lot of water is also not a good solution :)

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Haha, glad you know. Too much of everything isn't always good.

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10 down the jars, thank you. Time to start the climb once again.

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Thanks for the reminder. I got my 100 candies for the day.

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So many positive news on CT but we keep ranging in price. Let’s seat tight for better days.

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Amen to that. And perhaps grab some bargains too if we have some resources :)

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Bitcoin is collecting good news and will buy them all at once. Bull run loading... :)

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VC or the so-called "smart money" doesn't care about the current bearish sentiment. Instead, it "continues to allocate billions to crypto and blockchain startups." An example of such smart money is Andreessen Horowitz. He announced his fourth cryptocurrency investment fund valued at $4.5 billion. Even Google now "is forming a Web3 team within its Google Cloud division and believes now is the time to increase support for 'crypto-related technologies.'”

Source

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This is where all the big money is made; buying when the markets are ugly. Now is the time when there is buy-side liquidity for size. Once these things start moving upwards, buying any size drives prices even higher. Right now smart money can accumulate without moving the markets. Even though crypto is over $1T in market cap, that is still just a drop in the ocean compared to the money out there that can be invested....

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I just checked BTC's chart and for me, it shows that we are really in the buyers' market.

Great to know :)

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“I’ll be buying at the top forever.” - co-founder and chief executive of MicroStrategy, Michael Saylor

twt280552022.png
Source

Michael Saylor remains bullish, and you?

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Bullish all the way :)

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I think he will be the richest man in the world in the future.

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Probably, the fact that he is bullish on crypto is great. Time will tell...

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Did you see the price of LUNA2? I say it will fall before it has a big pump.

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That's quite bad if it's not going to work. I haven't seen the charts :)

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They are extremely bad, it has had a drop of more than 70%.

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Ouch! People are scared.

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Greetings from @inibless this happen to my very engagement in leomarkettalk. I must congratulate everyone here for this wonderful opportunity

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